4 ms·
Up to a certain point, EITC payments increase as income increases, so it actually encourages work among low-wage employees. (Of course, it phases out at higher
by evanpw 9y ago
Up to a certain point, EITC payments increase as income increases, so it actually encourages work among low-wage employees. (Of course, it phases out at higher incomes, which discourages work).
- maxerickson 9y agoYeah I understand how it is structured. It really mostly supports up to 2.3 children. The max credits, from https://www.irs.gov/credits-deductions/individuals/earned-income-tax-credit/eitc-income-limits-maximum-credit-amounts-next-year https://www.irs.gov/credits-deductions/individuals/earned-in... $6,318 with three or more qualifying children $5,616 with two qualifying children $3,400 with one qualifying child $510 with no qualifying children The point is that lots of people see it as a negative because it is a government payout.
- jnordwick 9y agoI plan to have children one day. Does that count as 0.3? :)